Re: [CANSLIM] Katherine's quote and extension of WON

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Katherine's quote and extension of WON
Date: Tue, 10 Sep 2002 07:52:06 -0400

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Dave and Duke,

I made the tally for 2001 with a 76% return. Did well earlier this year as
well, until I overloaded my IRA with a single stock. Murphy's law prevailed,
and I paid the price for ignoring one of my most basic rules - always,
ALWAYS stay diversified.  My margin account, however, continues to make up
for some of that stupidity, currently up about 55%.

And yes, if anyone doubts my word and cares to challenge the above
statement, I can prove it with acct statements.

- ----- Original Message -----
From: "Duke Miller" <dukemill@tampabay.rr.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, September 10, 2002 7:46 AM
Subject: RE: [CANSLIM] Katherine's quote and extension of WON

Dave:

You'll only need part of one hand for the tally!

Duke

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Dave Cameron
Sent: Monday, September 09, 2002 11:21 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Katherine's quote and extension of WON

> Katherine wrote:
>

>   <William O'Neil> ended by
> stating that the difference between people who casually read the IBD
> and those that learn from it translated into 30% vs 300% returns in
> the 98-99 Bull. Let me just add that for those smart enough to "get"
> CANSLIM, they have not only hung on to those 300% returns, but have
> added to them in the last 2 years with low risk to boot.
>

I'm curious as to how many have 'hung on' and what types of signals
have helped them make that decision.    I am one who did well in the
Bull; but have seen a good chunk of my equity decline by trying to get
back in to what seem to be follow through days, only to get
whipsawed back out and then some.    I use a 10% stop loss role (a
little more liberal than pure CANSLIM) - but it doesn't take too many of
those to erode a good base of capital.

Anyway... bottom line is I haven't been tempted to get in lately, but
I'm still struggling to read "M".   If people have been successful at
being out since March 2000, I'd love to hear why.

Dave

=====
Dave Cameron
dfcameron@yahoo.com

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